Articles

Indianapolis-area mergers and acquisitions in 2011

A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from MacAllister Machinery’s purchase of a Caterpillar dealership in Michigan to Herff Jones’ acquisition of a Memphis, Tenn.-headquartered maker of cheerleading uniforms.

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Price of Indiana farmland at a premium

A once-in-a-generation combination of strong grain prices, high farm incomes and unprecedented interest in commodities investments has caused prices for agricultural acreage to skyrocket.

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ProLiance might go on block

Indianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake in the company.

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Bugs may be resistant to genetically modified corn

One of the nation's most widely planted crops — a genetically engineered corn plant that makes its own insecticide — may be losing its effectiveness because a major pest appears to be developing resistance more quickly than scientists expected.

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State unlikely to revive natural-gas grandeur

Indiana was once the world’s capital for natural-gas production, but recent advances in drilling and resource-recovery technology are not likely to revive those glory days anytime soon because of a combination of human-made and natural obstructions.

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Neighborhood eyesore headed for demolition

The city is soliciting bids from companies to tear down four buildings on the 16-acre Avanti Development Corp. property, which is tucked in a residential area a few miles west of downtown Indianapolis.

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